| |
| |
|
|
Wealth Building Information |
|
|
|
7 Wonders of the Offshore World
Many people assume that the offshore world is accessible only to the super rich looking to increase their wealth, or to large multi national corporations looking to escape taxation. But the truth of the matter is that the offshore world is accessible to everyone! Placing money or assets offshore is a legal and often worthwhile undertaking and it is something that anyone living in, for example, the UK, Europe, Canada, Australia or America can do easily and with potentially great effect. Before I continue it is imperative to point out that the suitability of entering the offshore world for saving, banking, asset protection or any other reason can only be determined on a case by case basis. While 'going offshore' might be the most effective way for one person to operate, it might be totally unsuitable for the next person because of their personal circumstances. It is essential that anyone considering going offshore seeks the advice of a professional financial adviser. This article does not constitute advice. The potential benefits of saving money offshore, investing offshore or placing assets offshore are manifold, here are just 7 ways that you might be able to take advantage of all that's on offer? 1) If you're an expatriate living, working and paying taxes overseas, chances are you can secure your savings in a low to no tax offshore jurisdiction where they will grow tax free. Without the burden of taxation, savings will benefit from compound growth. 2) By placing money or assets offshore an individual can potentially protect their financial assets from domestic personal or business litigation. 3) The offshore world sometimes offers individuals a way to reduce or negate inheritance/death/estate tax that will become liable to be paid on their estate in the future. Certain offshore structures such as trusts can sometimes help in the struggle to legally avoid death duty. 4) Many offshore jurisdictions offer greater levels of personal privacy and also security which means a person's private or business transactions are dealt with confidentially and securely. 5) As offshore jurisdictions are less restricted by reporting requirements etc., people with a high risk tolerance who invest offshore often have access to more exciting and potentially better potential returning investment vehicles. 6) Domestic savings and investment policies are restrictive for some people; by investing offshore these people have access to the global investment market place which opens up many more opportunities to them. 7) Some offshore savings vehicles pay higher levels of interest than an individual could gain domestically. Because the offshore world is so flexible and open and offers such a wealth of diverse opportunity for saving, investing and protecting isn't it time you seriously examined the options available to you? Rhiannon Williamson is the publisher of ShelterOffshore.com - the online resource for offshore, expatriate and international investors. For personalized investment and offshore advice, readers of Shelter Offshore benefit from the site's strategic alliance with deVere and Partners, the world's largest offshore financial advisory. Visit the deVere and Partners offshore advice service page to find out more.
MORE RESOURCES:
Wealth-Building - Google News |
|
|
|
RELATED ARTICLES
Five Straight Steps to Opening an Offshore Bank Account Despite what you may have read or heard, anyone is free to open an offshore bank account nowadays! In fact, banking offshore has been used successfully for tax reduction and asset protection by both individuals and worldwide organisations for decades.And opening an offshore bank account in this day and age couldn't be simpler either! Here are five straightforward steps to take towards opening an offshore bank account. Principles to Ensure a Fantastic Financial Finish Most people want to get to the end of their lives and be able to live comfortably, take care of themselves and leave something for their children. These are admirable goals and very achievable - especially if you have a good plan! While I am not giving specific financial advice, these are the principles I live by and believe can bring anyone to a fantastic financial finish! As always, check with a financial consultant before taking action. Gain More Control of Your 401k - What It Can Mean to Your Future Points to ponder as you consider what can be done to maximize your 401k returns:1.Are You Maximizing Your 401k Returns?2. The 11 Best Money Saving Ideas of All Time - Part 3 At any time in history, no matter what the current state of the economy, no matter what the current trends, no matter what the unemployment rate is or where interest rates lurk, some money-saving ideas stay true.Some of you may have heard of these ideas before, others may be entirely new to you. Trustees: Who Can You Trust? Early in my legal career I represented two young women in their early 20s.Their mother had been killed in a car accident when they were infants. How To Be A Millionaire - The Top Secret Of Wealth Creation Have you any idea how many people search Google every single day for terms such as, "make fast money" or "get rich quick"?Intelligent, motivated people, just like you and me? It's veritably FRIGHTENING.Some do it for a laugh. 10 Ways To Find The Money Hiding In Your Paycheck No matter how tight things are financially for you; no matter how bleak you think that 2005 might be, if you are earning a paycheck then there's extra money hiding in it. You just need to know where to look. Are You Ready For Undesired Events? Planning for the undesired, accidents and possible unknowns in life. Recently, a remote friend of mine died during an accident. Your Money Or Your Life Have you stopped to realize that although you go to school to learn about important subjects, no one teaches you how to manage your money? Money is an essential part of life in our pursuit of happiness, yet very rarely will a parent sit down and tech their child how to handle their money. This is true in grade school, high school and worst college. The Top 10 Steps to Becoming a Millionaire There is perhaps no more important decision than to take charge of your own financial future. We live in a world of opportunity, and yet most Americans are buried in credit card and other debt. Ben Franklin Didnt Quite Get it Right When Ben Franklin said "a penny saved is a penny earned", he didn't quite get it right. Actually, a penny saved is worth more than a penny earned. Building Wealth: Its An Inside Job - Part 1 Whenever we read about building wealth or even attend a seminar for that purpose, we usually begin by assessing our present financial status. We're asked to calculate our assets and liabilities followed by a determination of where we'd like to be in a certain period of time. The 11 Best Money Saving Ideas of All Time - Part 1 At any time in history, no matter what the current state of the economy, no matter what the current trends, no matter what the unemployment rate is or where interest rates lurk, some money-saving ideas stay true.Some of you may have heard of these ideas before, others may be entirely new to you. Starting With Smaller Goals First And Work Your Way Up Until You Achieve Financial Freedom While you need to have a lot of positive-thought and confidence in order to be self-motivated, there are a few things that you can do which will help you to achieve all three things. These steps are generally pretty easy to do - and since they're simple steps, they may seem a little less daunting at first than having to figure out how to be positive-thinking and confident right out of the blue. Plan For Wealth One very important wealth creating habit is to set up a concrete plan that you can actually follow. You see, wealth takes planning, and is usually the result of taking a set of orderly, progressive steps from where you are now to where you want to be financially. Building Wealth by Paying Yourself First When I look around at all of my friends, and a lot of my family, I see a lot of people living from pay check to pay check, under monetary stress. These same people watch the Calendar for payday like a hawk. Q and A: Financial Independence Tips For Women From Coni Cecil As a woman Netpreneur, I sat down via e-mail with article-announce regular contributor, Internet marketer and women's financial consultant Coni Cecil of www.cecilfreedom. Why Get Rich When You Can Be Wealthy? "Any fool can rich, the wise get wealthy." Chris WidenerGetting rich is the main goal for a lot of people. Financial Planning For Singles Financial planning often gets a bad rap. Part of the problem is self-inflicted, since some industry participants would rather sell you a product than address your financial concerns. How To Grow Your Mental Power and Let Your Brain Make You Rich No one has complete control over their thoughts. But with practice, with deliberate attention, far more control can be achieved.
|
| home | site map |
| © 2006 |
